Ankeny, Iowa | Reuters — Mexico’s agriculture minister said the country would not limit imports of genetically modified (GMO) corn from the United States during a meeting with U.S. Agriculture Secretary Tom Vilsack in Iowa on Wednesday. Mexico published an executive order late last year that sought to ban in three years the use of
Mexico won’t limit GMO corn imports from U.S., ag minister says
U.S. mulls waivers for pork plants forced to slow down
Move could undermine worker safety, many fret
Reuters – The U.S. Department of Agriculture is working on a proposal for a waiver system for hog plants forced by a Federal Court to slow processing lines, Secretary Tom Vilsack said recently. Waivers to allow plants to speed up processing lines again could renew concerns about worker safety but boost profits for pork companies
U.S. livestock: CME hogs near three-week low amid ample supply
Chicago cattle futures also lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest prices in about three weeks on Wednesday amid pressure from plentiful supplies, analysts said. Live cattle and feeder cattle futures also finished lower at CME. Hog supplies tend to increase in the autumn, pushing more pork on the market and weighing
U.S. seeks to conserve more farmland as crop prices climb
Farmers say it’s going to be a tough sell in a profitable market
Reuters – The Biden administration hopes to convince farmers to set aside four million more acres of land for conservation this year by raising payment rates in an environmental program, but farmers said surging crop prices make it a tougher sell. The push to enrol more land into the 36-year-old Conservation Reserve Program is a part of
U.S. livestock: CME live cattle down on raised beef production forecasts
Pork supply expectations drag on CME December hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, after the U.S. Department of Agriculture slightly increased its forecasts for beef production this year and next year. USDA, in a monthly report, raised its 2021 estimate by 0.3 per cent from September because of higher cow slaughtering and heavier average
U.S. considers faster hog slaughter paces based on staffing
Faster speeds seen as increasing injuries
Chicago | Reuters — The Biden administration is considering a proposal that could allow some pork plants to slaughter pigs more quickly if they boost staffing, a union official said, after a U.S. court struck down a Trump-era rule that removed line speed limits. The proposal put forward by Quality Pork Processors, operator of a
U.S. livestock: Profit-taking knocks feeder cattle off high
CME lean hogs seen consolidating
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures ended lower on Friday as profit-taking pressured the market after prices set a one-month high, traders said. The setback came after the most-active November contract had rallied more than six per cent from a four-month low set on Sept. 30. The contract ended down 0.45
U.S. livestock: Technical buying, solid beef demand boost CME cattle
Chicago lean hogs continue lower
Chicago | Reuters — Technical buying and solid demand for U.S. beef lifted Chicago Mercantile Exchange live and feeder cattle futures on Wednesday, traders said. The cattle markets continue to rebound from recent losses that were technically overdone, analysts said. Front-month CME October live cattle futures reached its highest price since Sept. 16 at 124
U.S. livestock: CME live cattle, feeder cattle extend gains
December hogs touch one-week low
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle and live cattle futures rose on Tuesday amid technical buying, while lean hog futures finished mixed. Both cattle markets have been due to rebound after recent selloffs dragged prices too low at a time when demand is solid, brokers said. Live cattle futures topped a one-week
U.S. livestock: CME cattle futures touch one-week highs
Chicago lean hogs retreat
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker